About your Search

20140226
20140306
STATION
CNBC 12
MSNBCW 7
CNNW 3
KPIX (CBS) 2
KGO (ABC) 1
KTVU (FOX) 1
LANGUAGE
English 27
Search Results 0 to 26 of about 27
are going to make up anymore of this deficit, it is going to happen in the next four weeks. i am happy to report it will keep happening. the rim of high pressure is now way down -- ridge of high pressure is now way down south. i had to zoom the map out to show places in california. the high pressure has gone on spring break. allows storms to ride up over top of the ridge of high pressure right into northern california. the ridge is no long raploching the rhode island it is actually giving it -- longer blocking the rain. rain overnight. rain will be done by the drive you drive back to work tomorrow. staying unsettled. another low pressure area with the same storm track on thursday. another one coming up over the weekend. san rafael 66. fremont 64. mountain view 66 degrees tomorrow. check out the highs. they will be close to 70 even with cloudy conditions. another round of rain on thursday. the two nicest days to ghettoed will be friday and saturday up into the low 70ed with sunshine. for the second half of the weekend, here comes the third wave of rainfall with highs in the upper 60s. n
could save. liberty mutual insurance. responsibility. what's your policy? >>> the federal deficit plunged by more than $400 in the last fiscal deficit. the sharpest drop since the end of world war ii. alison kosik is in new york to tell us why this happened. >> the federal budget deficit is at its lowest level in five years. the deficit is the difference between what the government spends and takes in. that dropped to $680 billion in 2013. to give you some perspective, during the financial crisis, it shot up above $1 trill in 2009 as the economy tanked and government bailouts became the norm. here is why it is happening. the economy is getting better over the last few years. the deficit has been shrinking. also, we are paying higher taxes. all that means more revenue for the government. the government has cut back on spending. the republicans, they still insist that the budget deficit is still too large. if they are looking for a fight, they may not get it. congress agreed to a bipartisan budget deal. mid-term elections are coming in the fall. a strengthening economy is removing m
budget cuts through the 2011 deficit-driven tea party threat to default on the debt. and now chuck hagel is carrying those out and folks like senator rubio and other colleagues are saying we don't like the thing we made you do under the threat of default. >> there is no democrat that causes them more trouble than what 2ed cruz causes them. they don't have a majority in the senate, the republicans don't, because of ted cruz and his ilk who have been pushing these candidates who can't possibly win when they get the nomination. the democrats have to secretly be watching this and whatever, you know, personal dislike they have for cruz, they have to sit there in the senate and go we are so lucky that ted cruz is just ruining life for republicans in the senate. >> oh, yeah. democrats absolutely feel he's been a huge thorn in the side. he's a messaging nightmare. and when it comes to senate parliamentary procedure, which is something you and i happen to have the benefit of knowing a little bit about. he's also a liar. and it makes republicans look really bad. there is such a thing as a real fil
much would this reduce the deficit? because we all know nothing animates the republican party more than reducing the deficit. what's that you say? oh, it would increase the deficit by $74 billion over 10 years. impossible. of course, this bill is not going to become law. it is very instructive as a reminder that any actual commitment to legislating our complex business an teen health insurance regime will help create disruptions. the republican strategy to kill obamacare has been to point to the disruptions it has created and it may create and say the end of the world is nye. if they ever got around to implementing their own plan, that would have its own disruptions. this friday, house majority leader eric cantor will meet with leaders to work on putting together what will be billed as the house republican alternative to obamacare. here's my prediction. he could come out of that meeting with two dozen alternatives, but the republican party will actually get behind exactly none of them. not in any real way. that would mean grappling with the reality of reforming health care, and not just
said she was disappointed that it doesn't take any steps to reduce the deficit by raising taxes on upper income americans and senator schumer who is from new york which is one of the highest state taxes in the country took issue with the fact that it eliminates the ability of state and local taxation which is a big thing in california, new york and other high tax states. so they're picking it apart in a way that suggests they're not interested in engaging on it or using it as a starting point. i would like to see them do it just to see where they get. i don't think it would happen, but i think it would be fascinating and it's a real opportunity that sthey shouldn' write-off. >> and on the democrat being side, this proposal includes a bank tax. there are a numb democrchmber o eliminates the so-called carry interest about thatthis proposa tax. there are a number of -- and eliminates the so-called carry interest about that a up 1/2 democrat would be uncomfortable with that as well. >> including schumer. >> exactly. >> earlier brian said something about troll going and i feel they h
a real deficit. he let putin bring him down the garden path on syria, a country that was supposed to have given up all its kemic am weapons by february but has only given up 11% of them. what accountability have we heard demanded by the president. whether it's ukraine, china, syria, where wherever we see him, he just doesn't have what it takes to be taken seriously by foreign leaders. >> is he credible? what do you think? >> i think he's more than credible. for example, if you go back and look at 208 when russia went into georgia, we did nothing. that was at the height of our involvement in iraq and afghanistan. he's got the international community to put sanctions. these aren't going to be the treasury. these have to be international sanctions. nobody, even the harshest critic, wants to put boots on the ground. >> let me give you an example of why i think the credibility thing is a little bit tricky. look at what the president said at one point today. it's remarkable. >> one thing right away is to work with the administration to help buy assistance to the ukrainians to the people and tha
/2 inches. we'll make up any more of this rainfall deficit and drought, it has to happen now. good news is, the atmosphere is perfectly set up for more raffle because that ridge of high pressure is blocking the -- rainfall because that ridge of high pressure is block being the rain from hitting mention -- blocking the rain from hitting mexico. we'll have showers overnight. next up is thursday, another low pressure area. it hits us, rainfall. after that the next low is sunday. it will hit us and we'll get rainfall again. it's just a matter of how many storms are out there because they're all heading in our direction. that ridge is gone. the rain will not be as heavy this week. we got it tonight. we'll get it thursday and again sunday. it will be mild and humid and cloudy the next several days. tomorrow we're dry, cloudy and humid, san francisco 62 degrees. we're dry, warm, humid again wednesday, upper 60s, rain on thursday. we get sunshine back friday and saturday, but here comes another rain chance on sunday. so this is a pattern i think everybody can like. like the rain, got a couple days
for the deficit. >> it is slow and go if some years with a great alternate with caltrain and ace train running on time. muni experienced some delays but those are all cheered. back to san bruno with an update a car was over the embankment and the sig-alert is there but the car has been towed and is long gone and people are coming off of 280 around the turn to the eastbound ramp and they are skidding out. slow down. those curbs are very slippery. to the santa cruz mountains southbound 17, we have a solo spinout in the slow rainsa6ç and san mateo bridge is looking good but the fog and rain so take your time. the tail lights are headed over to foster city. >> seven things to know before you go. >> the morning news is back in 60 >>> good morning at 6:54 and traffic is looking okay at macarthur maze. it is foggy and misty in some areas. be came. >> seven things to know before you go: one, breaking news on the peninsula, the c.h.p. is on the scene of a car over an embankment that plunged 50' over the hill. the tow truck driver is pulling it on the road at 280 at connection ramp to eastbound 380. >>
when our deficit has been cut in half, it laos us to meet our obligation to future generations without leaving them a mountain of debt. >> budget also did he vote money for highways and roadways. >> republicans have a different view on spending priorities and debt. what are they saying? >> john boehner calling it perhaps the president's most irresponsible budget ever. paul ryan says it isn't a serious document, it is a campaign brochure. ryan is working on a budget of his own which is expected to take a look at poverty programs noting some work, others don't. as for the president's blueprint, the top republican on the senate budget committee blasted it. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it, it projects we're going to raise another 1.75 trillion. the last two budgets proposed an increase of a trillion dollars in taxes. this would almost tunnel the amount of tax increase. >> republicans say the president's plan spends, borrows, and taxes too much, gretchen. >> thanks. >>> fox news alert, health an
's ever proposed for, not for reducing deficit but more domestic spending. we've had huge spending increases, so those are such nonstarters, i don't see how you get common ground. granted, we're living under another budget agreement for now. but it's clear he's moving farther to the left to try and -- for those reasons and he's not trying to move to the middle. >> congressman, you said that three times, he's moved to the left, it's a nonstarter. does that mean i can't ask you about closing loopholes or -- >> yeah, sure, go ahead. >> are there any ways in which you all could maybe come to something and end up with one or two or three of these things and get some of the things that you want? >> yeah, so we just -- our chairman of the ways and means committee, dave camp, put out a specific discussion draft of tax reform, which does just that. it closes loopholes. instead of using the money for spending which increases the deficit -- he has $1.8 trillion in tax increases, half goes for spending. we're saying take the loophole closures and use it to lower tax rates to grow the economy.
that is buried and driving me crazy which is the decline in the deficit. nobody wants to hear anything about it, because it went from the trillions and you know the president could say we have cut spending here, and maybe because of the gridlock, but there is not a lot of supply of bonds. how about saying that. >> well, there is a decline in the deficit, but i don't know how much of that s is due to th proceeds of fannie mae and freddie mac. >> and the fdic had a good trade in there. good trading by them. >> and we have not talked about it often enough, but we have talked about the lawsuit initiate initiated by perry and berkowitz and ackman owning the common which is up sharply, but they are way past paying them back. and the president -- >> and the president has said that the common -- >> and the third amendment is all in place meaning that all of the profits are e sweeping to the government helping the e deficit. >> it is a windfall due to the rising pricing in housing, but the president said that the common should go to the treasury and he made that statement, and the fdic knew that the pre
term on trying to boost job growth. over the ten-year window you will see steadily declining deficits. at the end the period i think you'll see a declining debt-to-gdp ratio. that's the right trajectory. >> yesterday we had warren buffett on the program. he said he thinks the proposal would be to boost the earned income tax credit even more, expand that in a bigger way. that's a way to boost wages for people that are working without looking at job losses by raising the minimum wage. how about offering it to a wider variety of people and taking the minimum wage proposal off the table? >> these things are not mutually exclusive. there's no reason you can't work at both ends here. >> is it something you would offer if you did a broad -- not what you're talking about right now, but boosting the income tax credit in a big way, offering it across the aisle as a way of finding compromise, in instead of looking at one from another. i think that would be something republicans would take on heartily. >> we're willing to consider any ideas republicans put on the table. the president is putting t
are sponges. they just soak that up. a 30 million more deficit is hard to make up. and if a black or latino kid isn't ready for kindergarten, he's half as likely to finish middle school with strong academic and social skills. so by giving our kids access to high-quality early education and by helping parents get the cools they need to help their children succeed, we can give more kids a better shot at the career they are capable of and the life that will make us all better off. that's point number one, right at the beginning. point number two, if a child can't read well by the time he's in third grade, he's four times less likely to graduate from high school by age 19 than one who can. and if he happens to be poor, he's six times less likely to graduate. so by boosting reading levels, we can help more of our kids make the grade. keep on advancing. reach that day that so many parents dream of coming close and then you start tearing up and that's when they are walking across that stage holding that diploma. number three, we know that latino kids are almost twice as likely as white kids to be
the biggest deficit of our lives since the cold war ended. >> pressure is on the mid-west to do something. >> this will get worse before it gets better. >> you got to believe it's over. >> we have to be in this for the long haul. >> it's now unclear just what the west can do about it. >> john kerry arrived in ukraine tomorrow. >> putin is not going to back off this w
to the deficit. >> house budget chairman paul ryan already come out swinging against the plan. yet another disappointment and added the president has three years left in his administration and seems determined to do nothing about our fiscal challenges. that's paul ryan. this budget isn't a serious document he says. will this budget proposal help flagging republican opinion of president obama's track record. we turn now to financeer and former treasury official and cnbc economic analyst steve radener. thank you for being here. >> thanks for having me. >> i wanted to start out with your gut reactions to this. is it the expanded credit for low income workers? >> this is a policy statement of what he believes should happen in the budget, more spending on things like the earned income tax credit which is today's headline but also things like infrastructure and pressing needs. he wanted to put out what he believes in and indeed what the democrats believe in in advance of mid-term elections. >> you have a background in private equity yourself and roll with a crowd of people most affected by the c
're going to keep squeezing the middle class or continue to reduce the deficits responsibly. >> president's plan is already being met with resistance on capitol hill. house boehner says it spends and borrows taxes too much. >>> benjamin netanyahu will be in the bay area this weekend. in which he is featured. when mr. netanyahu visits the area, he'll meet with governor brown. he's expected to visit apple headquarters in cupertino and the messaging company bought by facebook. >>> now to california's drought and tonight the crisis has one bay area city considering some extreme measures. the city council is expected to approve a plan this evening that could possibly double what it normally spends on water and ktvu's rob roth spoke to family. they will have to pay more for water. rob. >> residents have been asked to conserve water by as much as 20%. even so, their water bills could soon go higher. to save water, coleen mixes super hot water from her kitchen with cold water from the bathroom to wash her face. that way she doesn't have to waste water by running the tap until it warms up. and she
a surplus when he finished his presidency that was turned into a record deficit by the republican president that succeeded him, so we are looking forward to having surrogates like president clinton and others stump for our candidates all across the country, and this week at the dnc meeting, we're going to be making sure that we can continue to focus on continuing our progress and helping to add value to elect democrats up and down the ballot. >> yeah. it is an interesting balance, as i mention, president clinton doing the stumping, hillary clinton doing a foreign policy event, she is down in florida today. these are not midterm stumping events. they've found a division of labor within the family for now. dnc chair debbie wasserman shultz, thanks for your time today. >> thanks, ari. >>> coming up, two years ago tonight, a story we all remember, trayvon martin was shot and killed. a tragedy that sparked a national conversation. we're going to talk about that case and the implications that continue to shape a lot of policy discussions. >>> but first, before we get to that, we have here today a
progress made. if we just take a year in review. so, a year in review, in terms of deficit reductions. when the budget came out last year, it was predicted $1.1 trillion. it was 680 in the end. about a $400 billion deficit reduction from 2012 to 2013. then, we have a situation where i think hopefully we've broken the fever on the issues of having conversations about default. >> money that's overseas. are there efforts to bring money overseas permanently back to the states? >> it depends on how one is talking about that. we want to create a system that is clear and that is helpful for our companies to know what they're doing, how they're doing. and not discourage investments from coming back and finances from coming back to the u.s. >> tell me about going from bettenville, arkansas, in the private sector, back to the government. >> walmart is an institution of execution. that is what it is certainly known for. and fortunate to spend time and to be there. coming back to the federal government, certainly, as you reflected, one has to work and work on both sides of the aisle. i go up and down t
of the deficit. if there are things we can do in the administration, the old politics over policy, i think certainly in energy, certainly in several other key areas if we had a better view on policy versus politics, i think we'd see some more robustness. you look at the jobs that are created out of energy and the fracking business, you know, the average employee in theç marcellus, $95,000 a year. 1.3 million jobs, $63 billion in additional tacks. energy independence is at the heart of getting this gdp up and running. >> growth cures all evil. it's great to see you. >> thank you for the opportunity. >> really appreciate it. >>> we have some breaking news now. bertha coombs, what can you tell us? >> the white house says it's going to allow -- to extend the current customers in the transitional plan yaal plans fo two years. 1.5 million individuals and small businesses. they will be renewable through 2016. also boosting 2015 deductibles and out of pocket costs by 4% and they're extending the open enrollment period for an extra month next year to february 15th. now, the white house deflected
remained overvalued despite an account deficit. >> reporter: the debt of the country has been falling, though, as a result, yields have been rising. they're not worried you're not going to be able to reservice it. are you worried about a restructuring? >> we are not worried, but ukraine needs external help for the next year or two. i think with sensible economic policies and with international support from the imf, u.s. and the eu, we can return to the market back within six months, maximum. >> reporter: if you listen to a discussion about ukraine and the united states, it's all about this is the eu or russia, a forced choice, some kind of big monumental decision for ukraine. do you see it so divided, choosing between eu and russia? >> ukrainians would not want to make it look like this. it wants help from all of its neighbors including russia and on the other side, but the majority of the population definitely supports european standards of business, democracy, free market economy. >> reporter: thanks so much for joining us, mr. fiala. we really appreciate it. tomas fiala, ceo of dra
, imbalances you have because of the current account deficits, you need to keep monitoring fiscal policy quite tight. you have to be a lot deeper into the upcoming fiscal year before you see contraction growth and that has to come on the back of implementation of projects, some of the economic reform issues that have been announced since may 2012. >> so i guess may is the key if we're looking for measures like this to be introduced. do you think that's going to be a turning point for the country? >> well, i think there's a few questions about will the government get enough of the mandate and therefore be able to, on the back of that, implement policies, but that remain toes be seen. so it might not be easy for some of the incumbent parties to necessarily muster the vote they need to have. but it's true, post elections, you know, in principal we should be more a possibility to get more on the petition side of these policies, let preoccupation with elections nearing, if you will. the kick start of the investment cycle, all of that cannot be turned on overnight. it takes a while before these type
so we expect the lira, the current deficit is an issue in turkey and we expect the currency to remain weak so we have to consider that when making investment proposals, we have to assume a little bit of, not a currency strengthening anyway, probably weakening if anything and brazil is a problem for currency from that point of view and equally as a sterling uk investor we find the dollar quite cheap so we find u.s. assets quite interesting at the moment. what goes around comes around i guess. >> reporter: thank you very much for joining us. julia, that is from here. we'll be back in an hour with another interview. for now pack over to you. >> thank you, great to chat to you. >>> the bitcoin exchange mt. gox received a subpoena from prosecutors in new york, asked the company to preserve certain documents. ceo mark capellas issued a statement saying the business is at a turning point. japanese authorities are looking into the matter but don't have jurisdiction after the mt. gox website went down. >>> still to come, the british economy returns to focus as investors await the second meetin
that had obviously unsustainable balance of payment situations and that had current account deficits and that needed to have some kind of sell-off to rebalance and other countries where the fundamentals were fine. frankly, it seems like those fears weren't born out. i'm wondering what you think of the dynamic now give whatn what happening and in particular whether or not you think that this is going to have contagion effects elsewhere. >> this is an important question. the emerging markets are in the middle of a major capital outflow. i think some of the data shows that there's been money leaving emerging markets for over 15 weeks already now. >> 18. >> 18 weeks. and i think that we shouldn't expect this to change the matters very much. i think rebecca's question was spot on. how much has the russian action over the weekend really changed the macroeconomic situation and i think very little. i think that applies to the emerging markets as an asset class as well. >> but let me say something. it hasn't changed the macrosituation but it has changed the approach to risk. look what's going
't have enough import to fund our consumption or enough saving to support our deficit. what are we going to do if china changes and we don't. >> but i gather that you think they're on the ascendency and we are clearly on the decline. that is the -- i will say, that was my takeaway. >> they are rebalancing their model to keep the growth and development story going and that will certainly take them to a larger scale of their economy than ours, at some point in the next five to ten years. >> gdp. >> their per capta gdp, joe, is going to be increasing, but at a much slower pace. for a long time. >> multiplied out and that's why it's bigger. >> for a long time. are we on the decline? that's the big debate in america. we continue to undersave, underinvest in people, infrastructure, and capacity. and if we don't get that together, then their ascendency will coincide with our decline. >> we've had periods like this before. >> yeah. >> i mean, you're optimistic we get it together or do you think we're the roman empire? >> no, look, i hope we get it together. what i don't see is a debate on the st
to have it happen during -- when things were terrible five years ago. but we can have a deficit which creates more debt but not at a rate that this grows faster than gdp grows. if gdp is going to grow at 2% in real terms, but the fed has a policy that they're shooting for 2% inflation on top of that, that would mean 4% in terms of nominal gdp and you literally could have debt grow at 4% and it would maintain the same relationship to no, ma'amal gdp as it does now. the trend is wrong. there is a danger of that goes wrong. i don't like seeing it go up as a percentage of gdp. this country is in wonderful shape. >> if you say government pensions aren't the problem because the government has the power to tax, what do you say to somebody who has a private pension? should they be worried about it? should they think they are still going to get it when they retire. >> it's protected by the pension benefit guarantee corps. that has come into play in many pension plans. the state municipal pension plans, the one right here in omaha, is in terrible shape. and almost out of resources. it's a healt
that the deficit is going down. who wouldn't hope for that? we hope for it. it's working. but any time you look at what they're doing, it's all short term. the stuff that's going to eat our lunch is 10,000 people a day turning 65. you've got a system that was set up of social security that you won't even address the insolvency of it for 75 years. health care is on automatic pilot. forget what you call it. it's time to deal with the long-term stuff before interest goes from where it is now to back to historical heights and then watch people grab their socks and run for blocks. >> is there anything you think can be done considering that it probably won't be implemented until after the november 2014 midterms? >> anything that will be done will be done down the road. that's what's wrong with the health care plan. whatever it is is all the correction process is down the road, way ahead. and it's like a dock fix. you're going to do another dock fix and they will run in. you're going to do anything. whatever you do, whether it's tort reform or real estate or whatever is done, the groups will organize
talk about deficits and debt. we could talk about data. but in the end, treasuries really when it gets nasty, when that tina the only -- that there is no alternative to stocks, that changes rather abruptly when stocks go down. and then tina becomes there is no alternative to being long treasuries. we want to keep cognizant of that. to the end the japanese are doing everything in their power to keep the yen weak, let's look at how all that stimulus and various ways they're trying to goose their economy have panned out. one way they've made good strides on. currently the latest reads is 3.7. now, that is the basic lowest rates since july of '07. during that interim period between '07 and now the high was 5.5. the message to this is is that the japanese may have issues for the last 25 years. but huge high unemployment certainly does not seem to be one of them but they made some inroads. base wage, recent data. this is important. base wages were only up 1/10 year over year. one of the things they're trying to do is goose inflation. if you adjust the wages for inflatio
Search Results 0 to 26 of about 27

Terms of Use (10 Mar 2001)